Car park firm NCP falls into administration, putting nearly 700 jobs at risk | Business

National Car Parks, the UK's largest car park operator, has entered administration after running out of cash. The Japanese-owned company, which manages 340 car parks across the UK, is facing a £352.6m debt and struggles to recover from pandemic-related demand shifts. PwC will assess options for the business's future, including a sale, while keeping all car parks open for now. The administrators are exploring ways to stabilize the company and secure the best possible outcome for creditors.